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Contributor
redwalker2929
Posts: 118
Registered: ‎12-01-2010
0

Re: How Many Credit Cards Do You Have?

I have 11


Discover More- $4000 Lake Michigan C.U. $4500-6.9%
Amex blue cash-$1000 Amex Delta -$5000 Cap One $6500
Amex Starwood-$2000 Amex Costco-$1200
Chase Freedom$3000 Chase Sapphire Preferred-$5000
BoA- Spirit WORLD MC-$ 5000 BoA-power rewards $2500
PayPal Extras MC $1500
Ex:655,EQ:674,TU:647- (all FICO)Low due to 60% Utilization
Established Member
NewYorkGuy
Posts: 106
Registered: ‎04-07-2011
0

Re: How Many Credit Cards Do You Have?

[ Edited ]

I have the following:

 

10 bank cards

4 store cards

1 business card

Established Member
Llhg71
Posts: 30
Registered: ‎06-27-2012
0

Re: How Many Credit Cards Do You Have?

what is the purpose of having so many credit cards?  not judging.  Just curious.  I have 1 visa.

Established Contributor
FutureBillionaire
Posts: 650
Registered: ‎12-12-2012
0

Re: How Many Credit Cards Do You Have?


Llhg71 wrote:

what is the purpose of having so many credit cards?  not judging.  Just curious.  I have 1 visa.


Many folks have several cards to get the maximum possible rewards on categories that they spend alot. Also, some cards need to be combined to get the most possible rewards.  Folks like to have cards for balance transfers and sign up bonuses as well.

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
New Member
creditaddict00
Posts: 3
Registered: ‎02-14-2013
0

Re: How Many Credit Cards Do You Have?

I have 15

 

Amex: 2

Discover: 1

Visa: 6

MasterCard: 3

Store Cards: 3

Established Contributor
Simply827
Posts: 742
Registered: ‎10-15-2012
0

Re: How Many Credit Cards Do You Have?

I have 5. I hope to close 1 or 2 of my sub prime cards and go for Chase Freedom and Discover It later this year.

 

Good riddance Credit One! If Orchard Bank will waive my AF, I'll keep them around a bit longer.


Starting Score: 515
Current Score: EQ 689 EX 703 TU 707
Goal Score: 700+

PSECU $10000 | Discover IT $9250 | Barclay Ring $6500 | DCU $5000 | Citi DC $4600 | Amex BCP $4100 | Chase Freedom $4000 | PayPal Extras MC $3000 | US Airways $2000 | Cap 1 Platinum $1700 | Cap 1 QS One $1500 | Union Plus $1000 | Target $200
Frequent Contributor
GaTech
Posts: 374
Registered: ‎02-10-2013
0

Re: How Many Credit Cards Do You Have?

I have 2. Wells Fargo cash back w/ $900 limit and AMEX Blue Cash Everyday w/ $6,000 limit. 

As of 1/10/2014 EX FICO - 748. EQ FICO - 728. Trans FICO - 755

WellsFargo - $3,000 AMEX BCE - $18,000 Chase Freedom - $4,000



Established Contributor
awdsmama
Posts: 756
Registered: ‎01-20-2012
0

Re: How Many Credit Cards Do You Have?

3, all obtained this month :-)

 

Discover It  $4,000

VIsa from  my CU  $500

JC Penny  $500

Fico: 701 (5/22/14) 682 (5/9/2014)
Discover IT $5,200 / CU Visa $1,000 / JC Penny$3,000
App Free since 2/2013
Regular Contributor
Quips
Posts: 157
Registered: ‎03-05-2012
0

Re: How Many Credit Cards Do You Have?


FutureBillionaire wrote:

Llhg71 wrote:

what is the purpose of having so many credit cards?  not judging.  Just curious.  I have 1 visa.


Many folks have several cards to get the maximum possible rewards on categories that they spend alot. Also, some cards need to be combined to get the most possible rewards.  Folks like to have cards for balance transfers and sign up bonuses as well.


+1 on the sign up bonuses and balance transfers as the reason for the cards that I have. I have the 9 cards listed in my signature, plus a CU LOC, a corp Amex and 4 store cards (Macy's, JCP etc). I mainly use the card that gives the most cash back for what I purchase.

FICO: EQ 769, TU 762 , EX ???

Frequent Contributor
IcEWoLF
Posts: 343
Registered: ‎02-25-2009
0

Re: How Many Credit Cards Do You Have?

Hi guys, I have 5, couldn't be happier so far. I think I am good at this point for CC. 


I received an offer for the Discover It card the other day, but I think I will pass on it, I like Chase Freedom a lot and it does not make any sense jumping ships.

EQ: 768 TU: 769 EXP: 805
Chase Sapphire Preferred: 7K | Chase Freedom Visa Signature: 5.7K
MERRILL+® Visa Signature®: 9K | Bank of America Accelerated Cash Rewards American Express Card: 1K
BankAmericard Privileges® with Cash Rewards: 7K
Discover IT: 5K | Discover Chrome 3.5K | Costco AMEX: 10.7K | Barclay NFL: 4.9K | Citi ThankYou Preferred World Mastercard 7K | Amazon Chase 1.7K | Barclaycard Arrival Plus World Elite MasterCard 5K | Citi Double Cash 3.5K | FNBO AMEX 4.8K | CAP 1 QS 10K

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